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Cloud infrastructure spending more than doubles in the third quarter of 2024

CIO

Spending on compute and storage infrastructure for cloud deployments has surged to unprecedented heights, with 115.3% billion, highlighting the dominance of cloud infrastructure over non-cloud systems as enterprises accelerate their investments in AI and high-performance computing (HPC) projects, IDC said in a report.

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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money. In the rush to the public cloud, a lot of people didnt think about pricing, says Tracy Woo, principal analyst at Forrester. Are they truly enhancing productivity and reducing costs?

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Your IT infrastructure may be more outdated than you think

CIO

But in conflict with CEO fears, 90% of IT leaders are confident their IT infrastructure is best in class. Still, IT leaders have their own concerns: Only 39% feel their IT infrastructure is ready to manage future risks and disruptive forces. In tech, every tool, software, or system eventually becomes outdated,” he adds.

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Overcoming the infrastructure challenges to accelerate AI success

CIO

But for many, simply providing the necessary infrastructure for these projects is the first challenge but it does not have to be. Another problem is that the adoption of automation in infrastructure is not at the level required. Already, leading organizations are seeing significant benefits from the use of AI.

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The targeted approach to cloud and data CIOs need for ROI gains

CIO

Migration to the cloud, data valorization, and development of e-commerce are areas where rubber sole manufacturer Vibram has transformed its business as it opens up to new markets. Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.

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DDN Nabs $300M From Blackstone As AI Keeps Data Storage Hot

Crunchbase News

Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. In 2023, it partnered with Digital Realty to develop $7 billion in data centers targeting providers of online content, cloud services and artificial intelligence.

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Comprehensive data management for AI: The next-gen data management engine that will drive AI to new heights

CIO

The next phase of this transformation requires an intelligent data infrastructure that can bring AI closer to enterprise data. The core of their problem is applying AI technology to the data they already have, whether in the cloud, on their premises, or more likely both. Imagine that you’re a data engineer.